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Goldcorp (GG) Stock Down on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Goldcorp (GG) are sliding 1.08% to $19.24 in late-afternoon trading on Friday as lower gold prices weigh on the Canadian gold producer.

Gold for August delivery is down 0.28% to $1,328.50 per ounce on the COMEX this afternoon.

The precious metal is being negatively impacted by a stronger dollar, which makes commodities priced in the greenback more expensive to foreign buyers.

Additionally, investors continue to favor riskier assets over safe havens like gold as concerns about Britain's recent decision to leave the European Union fade.